Ex-Net Tate George Sentenced To 9 Years For FraudProsecutors contend he persuaded people to invest in his company, The George Group, but used their money to pay off earlier investors.
Former Nets Player Tate George Guilty Of Running Ponzi SchemeBest known for his buzzer-beating shot against Clemson in the 1990 NCAA Tournament, Tate was found guilty on four counts of federal wire fraud.
Former Net George Indicted In 'Ponzi Scheme'Former Net Tate George was indicted on Friday on four counts of wire fraud and charges that he ran a $2 million dollar 'Ponzi Scheme.'
Ex-UConn, Nets Guard Tate George Charged In NJ Ponzi Scheme Tate George, who hit one of the most memorable shots in UConn basketball history, surrendered to federal authorities in NJ on Friday to face charges stemming from what prosecutors say was a Ponzi scheme.

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